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Saba Capital Management Portfolio holdings

AUM $3.62B
1-Year Est. Return 13%
This Fund
S&P 500
This Quarter Est. Return
+12.46%
1 Year Est. Return
+13%
3 Year Est. Return
+26.53%
5 Year Est. Return
+34.79%
10 Year Est. Return
+47.28%
AUM
$2.29B
AUM Growth
+$386M
Cap. Flow
+$130M
Cap. Flow %
5.69%
Top 10 Hldgs %
48.23%
Holding
161
New
14
Increased
39
Reduced
52
Closed
45

Top Buys

Rank Stock Value
1
PHD
Pioneer Floating Rate Fund
PHD
+$27.9M
2
EFT
Eaton Vance Floating-Rate Income Trust
EFT
+$22.8M
3
SABA
Saba Capital Income & Opportunities Fund II
SABA
+$20M
4
JFR icon
Nuveen Floating Rate Income Fund
JFR
+$18.8M
5
EVF
Eaton Vance Senior Income Trust
EVF
+$17.1M

Top Sells

Rank Stock Value
1
HYD icon
VanEck High Yield Muni ETF
HYD
+$21.6M
2
FSD
FIRST TRUST HIGH INCOME LONG/SHORT FUND
FSD
+$10.3M
3
BIT icon
BlackRock Multi-Sector Income Trust
BIT
+$9.93M
4
EAD
Allspring Income Opportunities Fund
EAD
+$9.77M
5
BLW icon
BlackRock Limited Duration Income Trust
BLW
+$9.45M

Sector Composition

Rank Sector Weight
1 Industrials 0.46%
2 Energy 0.28%
3 Healthcare 0.23%
4 Materials 0.19%
5 Consumer Discretionary 0.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CLF icon
51
PUT
Cleveland-Cliffs
CLF
$6.49B
$8.82M 0.39%
1,597,700
+54,700
+4% +$266K
FSLF
52
DELISTED
First Eagle Senior Loan Fund
FSLF
$8.64M 0.38%
+701,149
New +$8.59M
RRD
53
DELISTED
RR Donnelley & Sons Co.
RRD
$8.23M 0.36%
6,913,391
+2,190,388
+46% +$2.67M
TLI
54
DELISTED
Western Asset Corporate Loan Fund Inc.
TLI
$8.08M 0.35%
945,028
+232,955
+33% +$1.89M
NXJ
55
DELISTED
Nuveen New Jersey Quality Municipal Income Fund
NXJ
$7.88M 0.34%
594,776
-134,760
-18% -$1.77M
POST icon
56
PUT
Post Holdings
POST
$4.42B
$7.74M 0.34%
134,922
-224,616
-62% -$13.1M
MHN
57
DELISTED
BlackRock MuniHoldings New Yrok Quality Fund
MHN
$7.63M 0.33%
574,945
-457,396
-44% -$5.83M
BQH
58
DELISTED
BlackRock New York Municipal Bond Trust
BQH
$7.61M 0.33%
484,356
+110,965
+30% +$1.65M
NMY
59
DELISTED
Nuveen Maryland Quality Municipal Income Fund
NMY
$7.48M 0.33%
580,740
-154,794
-21% -$1.93M
EAD
60
Allspring Income Opportunities Fund
EAD
$371M
$7.02M 0.31%
999,659
-1,423,249
-59% -$9.77M
WIA
61
Western Asset Inflation-Linked Income Fund
WIA
$185M
$6.88M 0.3%
+584,024
New +$6.58M
MIY icon
62
BlackRock MuniYield Michigan Quality Fund
MIY
$351M
$5.98M 0.26%
441,096
-188,817
-30% -$2.48M
SOR
63
Source Capital
SOR
$375M
$5.89M 0.26%
178,066
– –
CCIF
64
Carlyle Credit Income Fund
CCIF
$57.2M
$5.76M 0.25%
594,684
+444,377
+296% +$4.16M
DSU icon
65
BlackRock Debt Strategies Fund
DSU
$592M
$5.66M 0.25%
606,299
-814,880
-57% -$7.56M
RVT icon
66
Royce Value Trust
RVT
$2.19B
$5.58M 0.24%
+444,979
New +$5.1M
NKG
67
DELISTED
Nuveen Georgia Quality Municipal Income Fund
NKG
$5.4M 0.24%
442,745
-47,299
-10% -$560K
MUC icon
68
BlackRock MuniHoldings California Quality Fund
MUC
$1B
$5.25M 0.23%
371,829
-558,067
-60% -$7.47M
CYH icon
69
Community Health Systems
CYH
$382M
$5.15M 0.23%
1,710,545
– –
ARDC
70
Are Dynamic Credit Allocation Fund
ARDC
$295M
$4.93M 0.22%
413,085
-291
-0.1% -$3.27K
IVH
71
DELISTED
Delaware Ivy High Income Opportunities Fund
IVH
$4.31M 0.19%
383,086
-120,321
-24% -$1.31M
NGL icon
72
PUT
NGL Energy Partners
NGL
$1.94B
$4.25M 0.19%
1,088,700
-3,311,000
-75% -$15.5M
YPF icon
73
YPF
YPF
$19.7B
$4.11M 0.18%
715,529
-1,444,812
-67% -$6.74M
UBER icon
74
PUT
Uber
UBER
$145B
$3.98M 0.17%
128,200
+11,500
+10% +$358K
MPA icon
75
BlackRock MuniYield Pennsylvania Quality Fund
MPA
$143M
$3.61M 0.16%
266,010
-119,766
-31% -$1.59M
1 2
3
4 5

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Saba Capital Management's Q2 2020 Portfolio in Review

As of Q2 2020, Saba Capital Management held 161 positions worth $2.29B, up 20% from $1.9B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Saba Capital Management deployed $130M of net new capital in Q2 2020, opening 14 new positions and adding to 39 existing holdings. Its largest new stake was First Eagle Senior Loan Fund: 701,149 shares worth $8.64M.

By sector, the portfolio is most concentrated in Industrials at 0.46% of assets, up from 0.39% a quarter earlier, followed by Energy and Healthcare.

On the sell side, the largest reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, an estimated $10.3M trimmed.

  • Saba Capital Management's largest Q2 2020 buy was First Eagle Senior Loan Fund: 701,149 shares worth $8.64M.
  • Saba Capital Management added most to Pioneer Floating Rate Fund in Q2 2020, an estimated $27.9M increase.
  • Saba Capital Management's biggest Q2 2020 reduction was FIRST TRUST HIGH INCOME LONG/SHORT FUND, cutting an estimated $10.3M.
  • Saba Capital Management fully exited VanEck High Yield Muni ETF in Q2 2020, selling an estimated $21.6M.
  • Saba Capital Management's ten largest holdings make up 48% of its $2.29B portfolio in Q2 2020.
  • Saba Capital Management opened 14 new positions and closed 45 in Q2 2020.
  • Saba Capital Management's portfolio value rose 20% quarter-over-quarter to $2.29B.

Based on Saba Capital Management's 13F filing for Q2 2020, filed 14 Aug 2020.